How To Change Federal Withholding In Quickbooks Desktop?

How to Change Federal Withholding in QuickBooks Desktop

QuickBooks Desktop is a popular accounting software program that allows businesses to track their finances, manage their taxes, and generate reports. One of the tasks that businesses need to complete on a regular basis is to withhold federal income tax from their employees’ paychecks. The amount of federal income tax withheld is based on the employee’s filing status and income.

If you need to change the federal withholding on an employee’s paycheck in QuickBooks Desktop, you can do so by following these steps:

1. Open the Payroll Setup window.
2. Click the Employees tab.
3. Select the employee whose federal withholding you want to change.
4. Click the Federal Withholding button.
5. Enter the new federal withholding amount.
6. Click OK.

The new federal withholding amount will be applied to the employee’s next paycheck.

| Column 1 | Column 2 | Column 3 |
|—|—|—|
| Step | Description | Screenshot |
| 1 | Open Quickbooks Desktop. | |
| 2 | Click the File tab. | |
| 3 | Select Preferences. | |
| 4 | Click the Taxes & Accounts icon. | |
| 5 | Click the Federal Withholding tab. | |
| 6 | Enter the desired federal withholding rate. | |
| 7 | Click OK. | |
| 8 | Close Quickbooks Desktop. | |

How to Change Federal Withholding in Quickbooks Desktop?

Federal withholding is the amount of money that is withheld from an employee’s paycheck to pay federal income taxes. The amount of federal withholding that is withheld is based on the employee’s filing status and income.

You can change the federal withholding on an employee’s paycheck in Quickbooks Desktop by following these steps:

Step 1: Open the Quickbooks Desktop software.

1. Click the File tab.
2. Click Open.
3. Select the company file that you want to open.
4. Click Open.

Step 2: Click the **Payroll** tab.

1. Click the Payroll tab.
2. Click the Employees tab.
3. Select the employee whose federal withholding you want to change.
4. Click the Edit button.

Step 3: Change the federal withholding.

1. In the Federal Withholding section, enter the new federal withholding amount.
2. Click the OK button.

Step 4: Preview the paycheck.

1. Click the Payroll tab.
2. Click the Paychecks tab.
3. Select the paycheck that you want to preview.
4. Click the Preview button.

The paycheck preview will show the new federal withholding amount.

Step 5: Save the paycheck.

1. Click the Payroll tab.
2. Click the Paychecks tab.
3. Select the paycheck that you want to save.
4. Click the Save button.

The paycheck will be saved with the new federal withholding amount.

You can change the federal withholding on an employee’s paycheck in Quickbooks Desktop by following these steps:

1. Open the Quickbooks Desktop software.
2. Click the Payroll tab.
3. Select the employee whose federal withholding you want to change.
4. Change the federal withholding amount.
5. Preview the paycheck.
6. Save the paycheck.

By following these steps, you can ensure that the correct amount of federal withholding is withheld from your employees’ paychecks.

How To Change Federal Withholding In Quickbooks Desktop?

QuickBooks Desktop is a popular accounting software program that can be used to track and manage your business finances. One of the tasks that you may need to perform is to change the federal withholding for an employee. This can be done easily by following the steps below.

Step 1: Open QuickBooks Desktop

To begin, open QuickBooks Desktop and sign in to your account.

Step 2: Click the **Payroll** tab

Once you are logged in, click the Payroll tab at the top of the screen.

Step 3: Click the **Employees** tab

Next, click the Employees tab on the left side of the screen.

Step 4: Select the employee whose federal withholding you want to change

Use the search bar at the top of the screen to find the employee whose federal withholding you want to change. Once you have found the employee, click their name to select them.

Step 5: Click the **Federal Withholding** tab

On the employee’s details screen, click the Federal Withholding tab.

Step 6: Enter the new federal withholding amount

In the Federal Withholding field, enter the new federal withholding amount. This amount should be based on the employee’s current tax bracket.

Step 7: Click **Save**

Once you have entered the new federal withholding amount, click Save to save your changes.

That’s it! You have now successfully changed the federal withholding for an employee in QuickBooks Desktop.

Here are some additional tips for changing federal withholding in QuickBooks Desktop:

• If you are not sure how to calculate the correct federal withholding amount, you can use the IRS Withholding Calculator.
• You can also change the federal withholding for multiple employees at the same time by selecting them all before clicking Federal Withholding.
• If you make a mistake, you can always undo your changes by clicking Undo.

By following these steps, you can easily change the federal withholding for an employee in QuickBooks Desktop.

How do I change federal withholding in Quickbooks Desktop?

1. Open the Quickbooks Desktop software.
2. Click the File tab and select Preferences.
3. In the Preferences window, click the Taxes icon.
4. In the Taxes section, click the Federal tab.
5. In the Federal Withholding section, enter the desired federal withholding rate.
6. Click OK to save your changes.

What is the default federal withholding rate in Quickbooks Desktop?

The default federal withholding rate in Quickbooks Desktop is 22%. However, you can change this rate to whatever you need.

How do I change the federal withholding allowances in Quickbooks Desktop?

1. Open the Quickbooks Desktop software.
2. Click the Employees tab and select Employees.
3. Select the employee whose federal withholding allowances you want to change.
4. Click the Edit button.
5. In the Federal Withholding section, enter the desired number of federal withholding allowances.
6. Click OK to save your changes.

What is the difference between federal withholding and federal income tax?

Federal withholding is the amount of money that is withheld from your paycheck before you receive it. Federal income tax is the amount of tax that you owe to the federal government. The amount of federal withholding that is taken out of your paycheck is based on your filing status and the number of allowances that you claim.

How do I calculate federal withholding for my employees?

There are a few different ways to calculate federal withholding for your employees. You can use the IRS Withholding Calculator, a Quickbooks withholding calculator, or a third-party withholding calculator.

What are the penalties for underpaying or overpaying federal withholding?

If you underpay federal withholding, you may have to pay a penalty to the IRS. If you overpay federal withholding, you can get a refund when you file your taxes.

Where can I find more information about federal withholding in Quickbooks Desktop?

You can find more information about federal withholding in Quickbooks Desktop by visiting the Quickbooks Help Center or by contacting Quickbooks support.

In this article, we discussed how to change federal withholding in Quickbooks Desktop. We covered the steps involved in changing the federal withholding rate, as well as how to make changes to the number of allowances claimed. We also provided tips on how to avoid common mistakes when making these changes.

We hope that this article has been helpful. If you have any further questions, please do not hesitate to contact us.